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AnonTechie writes:
"MasterCard is partnering with mobile technology company Syniverse. The two will deliver a service to fight credit-card fraud by linking the user's card with the user's mobile phone. This will be an opt-in service and it is still in pilot-phase. Geolocation data will be key in making this work; the person will need to have both the phone and card. In order to complete any card transaction the user will need to have that mobile device switched on to a specific geolocation while abroad. A credit card user's point-of-sale details will be correlated with the geolocation of the mobile device. The true location will be identified, reducing the likelihood that criminals are able to buy goods with stolen cards."
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MasterCard, Syniverse to Use Geolocation for Cards
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Could I have a drug overdose?
(Score: 5, Interesting) by Ezber Bozmak on Saturday March 01 2014, @07:36PM
If you are going to require that they have a phone with a live data connection at the point of sale, just send them a message asking them to confirm the transaction. That's at least as secure - probably more so because some number of people are going to have a password on their phone. So if the phone gets stolen, the GPS still works without a password but getting in to respond to the confirmation request will require a password for some percent of users. Plus there is the problem of GPS being flaky inside buildings.
(Score: 5, Insightful) by RobotMonster on Saturday March 01 2014, @07:59PM
This location-based system doesn't seem like it can work with online retailers, either.
Your message-based suggestion, on the other hand, would.
(Score: 3, Interesting) by frojack on Saturday March 01 2014, @09:00PM
Inside of buildings is pretty hopeless, especially on malls and places that use big metal buildings. If they had an app that sent position every once in a while, then they would be able to know that the last place they saw the phone was in the parking lot.
That would probably be good enough.
On the other hand, if they got rid of the GPS requirement, and just went with connectivity of any sort, then simple gsm network connectivity would put you at least in the radius of the same cell tower, and if the store/mall had free wifi you could connect via that.
But realistically, this just seems like a big annoyance for card users.
No, you are mistaken. I've always had this sig.
(Score: 3, Insightful) by mojo chan on Sunday March 02 2014, @11:54AM
Not at all. Even though it can't get your exact location it knows the general area you are in, not least by which cell mast it is talking to. This information is enough to provide local results for Google searches or allow a website to give you the nearest branch of a shop. For credit card transaction verification as long as they can tell you are not miles away from where the retailer is that should be good enough to prevent a large amount of fraud.
const int one = 65536; (Silvermoon, Texture.cs)